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The National Biodiesel Board has set a goal of six billion gallons of biomass-based diesel within a decade, versus current output of 2.5 to 3 billion gallons. Industry officials say reaching it depends on existing and new feedstocks plus consistent federal tax credit and mandate support.
Long-run growth targets for biodiesel would support future soybean oil and other feedstock demand, but the outcome depends on policy continuity and is not an immediate price driver.
agri-pulse.comBen NuelleJan 27, 2020After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
